BP 2005 Annual Report Download - page 153

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6 Pensions continued $ million
ANALYSIS OF THE AMOUNT CHARGED TO OPERATING PROFIT 2005 2004 2003
Current service cost 360 341 261
Past service cost 4 5 –
Settlement, curtailment and special termination benefits 36 36 –
Total operating charge 400 382 261
ANALYSIS OF THE AMOUNT CREDITED (CHARGED) TO OTHER FINANCE INCOME
Expected return on pension plan assets 1,357 1,257 983
Interest on pension plan liabilities (914) (899) (779)
Other finance income 443 358 204
ANALYSIS OF THE AMOUNT RECOGNIZED IN THE STATEMENT OF TOTAL RECOGNIZED GAINS AND LOSSES
Actual return less expected return on pension plan assets 2,946 750 1,526
Experience gains and losses arising on the plan liabilities (66) 157 621
Change in assumptions underlying the present value of the plan liabilities (1,721) (710) (1,306)
Actuarial gain (loss) recognized in statement of total recognized gains and losses 1,159 197 841
MOVEMENT IN SURPLUS DURING THE YEAR
Surplus in scheme at 1 January 2,093 1,562 497
Movement in year
Current service cost (360) (341) (261)
Past service cost (4) (5) –
Settlement, curtailment and special termination benefits (36) (36) –
Other finance income 443 358 204
Actuarial gain (loss) 1,159 197 841
Employers’ contributions 214 214 142
Exchange adjustments (283) 144 139
Surplus in plan at 31 December 3,226 2,093 1,562
HISTORY OF EXPERIENCE GAINS AND LOSSES 2005 2004 2003
Difference between the expected and actual return on plan assets
Amount ($ million) 2,946 750 1,526
Percentage of plan assets 14%4%9%
Experience gains and losses on plan liabilities
Amount ($ million) (66) 157 621
Percentage of the present value of plan liabilities 0% 1% 4%
Total amount recognized in statement of total recognized gains and losses
Amount ($ million) 1,159 197 841
Percentage of the present value of plan liabilities 6% 1% 5%
BP Annual Report and Accounts 2005 151